Guideline Value for BOSE GARDEN

Bose Garden guideline value

The current guideline value of Bose Garden in Kallikanaickenpalayam village, under the Thondamuthur SRO, is Rs 560 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Bose Garden has changed

The guideline value for Bose Garden has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 500 per sq.ft. The most recent revision in 2024 raised the value to Rs 560 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Kallikanaickenpalayam

In Kallikanaickenpalayam, there are 51 streets under the Thondamuthur SRO with a 2024 guideline value ranging from Rs 225 to Rs 1,180 per sq.ft. The median value for these streets is Rs 250 per sq.ft, and Bose Garden's 2024 figure is above that median.

• BOYER St: Rs 225 per sq.ft (2024)
• C P C Avanue: Rs 450 per sq.ft (2024)
• Dhanush Kodi Krishnasamy Nagar: Rs 225 per sq.ft (2024)
• Gandhi Colony: Rs 225 per sq.ft (2024)
• Ayyammal Avenue: Rs 560 per sq.ft (2024)
• Gandhi Street: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Bose Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value would be Rs 5,60,000. The stamp duty at 7% would amount to Rs 39,200, while the registration fee at 2% would be Rs 11,200, bringing the total fees together to Rs 50,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bose Garden?

The Sub Registrar Office that covers Bose Garden is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108, in the Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kallikanaickenpalayam

The guideline value serves as a benchmark for determining the minimum value at which properties can be registered in Kallikanaickenpalayam. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are based on an official valuation.

During the registration process, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bose Garden?

The current guideline value of Bose Garden is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 560 per sq.ft in 2024.

What are the other streets in Kallikanaickenpalayam?

Other streets in Kallikanaickenpalayam include BOYER St, C P C Avanue, Dhanush Kodi Krishnasamy Nagar, Gandhi Colony, Ayyammal Avenue, and Gandhi Street, each with their respective guideline values.

What fees are involved in property registration in Bose Garden?

The fees involved in property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bose Garden?

The Sub Registrar Office for Bose Garden is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108.